The GDRs represent equity securities of corporations that are listed on another stock exchange. Investing in GDRs offers SGX investors exposure to shares listed on other stock exchanges. Corporations raising funds will be able to use GDRs as an alternative route to access our capital market and broaden their shareholder base.
While corporations will observe the rules of their home exchange, all announcements made on the home exchange will be released simultaneously on SGXNET. The proposed lot size is S$200,000 as GDR offerings are exempted from prospectus requirements.
The consultation paper will be available on the Exchange’s website at www.sgx.com from 2 December 2005 onwards. It sets out the proposed rules for the listing of GDRs and continuing listing obligations that are applicable to the corporations that authorise the issue of GDRs. Market participants and members of the public can forward their feedback and suggestions on the proposed changes between now and 29 December 2005 via:
Email: lm@sgx.com
Post/Courier: Singapore Exchange Limited
2 Shenton Way, SGX Centre 1
#19-00,
Singapore 068804
Attn: Leona Wong
Issuer Regulation
Fax: 6535 7919
